Universal MA Cross EA
This professional-grade solution for MetaTrader 5 helps traders achieve greater efficiency in their daily workflow. This Expert Advisor serves as automated trading software. It is utilized to monitor financial markets and execute trades based on predefined algorithmic rules, enabling precise position management without the need for constant manual oversight.
How to Setup and Use Universal MA Cross EA
1. Installation: Open the "File" menu, select "Open Data Folder," navigate to MQL/Experts, paste your file, and restart the terminal.
2. Activation: Drag the EA from the Navigator onto a chart, ensure "Allow live trading" is checked in the Common tab, and verify the AutoTrading button is green.
3. Optimization: Right-click your chart, choose "Expert List," click "Properties" to adjust inputs, and save your preferred setup as a set file for future use.
4. Maintenance: Regularly check the "Experts" tab in the terminal window to monitor trade logs and potential execution errors.
Frequently Asked Questions
Q: Why is my EA not opening trades? A: Check the "AutoTrading" button, ensure "Allow live trading" is enabled, and verify your broker allows automated trading on your account type.
Q: Can I run multiple EAs on one chart? A: No, each chart can only host one active EA; however, you can open multiple charts for different currency pairs to run several EAs.
Q: What does the "smiley face" icon mean? A: A smiley face in the top-right corner of the chart indicates the EA is successfully running; a frowny face means it is disabled.
Description & Settings
Idea by
:
MQL5 code by
:
The EA trades on two Moving Average indicators and allows selecting the method of defining the position size: Manually (having set the
Lots
parameter to more than zero, and the
Risk
parameter to zero) or in the risk percentage of free margin per trade (having set the
Risk
parameter to more than zero and the
Lots
parameter to zero).
Stop Loss, Take Profit, and Trailing can be enabled/disabled. You can trade within a limited time period (having set the
Use Hour Trade
parameter to "true" and defined the values of the
Start Hour
and
End Hour
parameters).
The test results on H1 in the "Every Tick" mode from 2018.01.01 to 2018.05.01:
